VeriFone Enters Asset Purchase Agreement With Curb Technologies

December 11, 2017

S&C represented VeriFone, Inc., an indirect wholly-owned subsidiary of VeriFone Systems, Inc., in its Asset Purchase Agreement with Curb Technologies, LLC pursuant to which Verifone agreed to sell to Curb certain assets and liabilities of the Verifone Taxi Solutions business for $30 million in cash.

The S&C team on the transaction was led by John Savva, along with Matthew Barnett, Scott Campbell, James Wigginton and Arman Carretta. Ronald Creamer, Jonathan Rhein and Emma Hardwick advised on tax matters; Mark Schenkel and Matthew Rosenberg advised on intellectual property matters; and Heather Coleman and Joshua Green advised on executive compensation and benefits matters.